Last month we had a mortgage agreed in principle with HSBC. Bourne End conveyancing solicitors are chosen. How long does it take for HSBC to send the offer to the property lawyer?
There is no definitive answer here. Have HSBC done the valuation? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer agreed on a house in Bourne End. My financial adviser suggested a property lawyer. I paid an advanced payment of £225. Soon after, the solicitor called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
HSBC have agreed my home loan in principle, my offer on a house in Bourne End has been accepted, what happens next?
Your estate agent will need to know who your solicitors are (ensure that the lawyers are on the lender’s approved list). Contact HSBC or the broker and finalise any outstanding forms. HSBC will instruct a valuer who will get in touch with the selling agent or owners to book a time for the valuation to happen. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. HSBC will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Bourne End.
I note that there are debates on Chancel Insurance on online forums. Do I need this when buying a house in Bourne End? or I am told that there is an ancient law that means some house owners living in a parish church boundary will be compelled to pay for repairs to the chancel in proximity to the church. Is this applicable for conveyancing in Bourne End?
Unless a prior purchase of the premises took place after 12 October 2013 you may take it that solicitors handling conveyancing in Bourne End to continue to advocate a chancel search and or chancel repair liability insurance.
I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Bourne End for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bourne End conveyancing specialists.
How does conveyancing in Bourne End differ for new build properties?
Most buyers of new build property in Bourne End come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because builders in Bourne End tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bourne End or who has acted in the same development.
My cousin has encouraged me to appoint his conveyancing solicitors in Bourne End. Do I follow his advice?
Much as we are happy to recommend a Bourne End conveyancing lawyer the best way to select a conveyancing lawyer is to seek recommendations from friends or family who have actually used the firm that you are are thinking of instructing.
We have had DIP from Nottingham Building Society who have advised we could borrow up to £400k. When do I need to instruct a solicitor for conveyancing? Bourne End is where we are purchasing.
It would be wise to instruct a lawyer now requesting that they generate a file for you. This will kickstart: 1) the estate agent to send out the Sales Memorandum to all parties 2) the seller’s lawyer to send out the draft agreement. That being said, do not ask your property lawyer to start searches until you receive your valuation report from Nottingham Building Society and you are happy to move forward.